Economy
Pilots believe TAP is in good hands following Lufthansa's selection
The government selected Lufthansa for the partial privatization of TAP, accepting a proposal of 1.201 billion euros for up to 49.9% of the capital, with the transaction expected to conclude by early 2028. The Civil Aviation Pilots Union (SPAC) stated that both shortlisted bidders were solid, reference-level companies and expressed confidence in the airline's future under Lufthansa.
Why it mattersThe government has chosen Lufthansa to acquire a stake in TAP, marking a major step in the airline's privatization process that will unfold over the coming years.
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